A cost code has a $50,000 budget and $54,800 actual cost. What is the variance?
Correct Answer
B) $4,800 over budget.
Actual cost exceeds budget by $4,800, so the variance is $4,800 over budget.
Why This Is the Correct Answer
Actual cost exceeds budget by $4,800, so the variance is $4,800 over budget.
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